For Luni Libes from Fledge, the United Nations Sustainable Development Goals (SDGs) are employed as a model by which to classify their companies, and the specific SDG with which they align. Fledge also reports on “what percentage [of the enterprises] are run by women and have a woman on the founding team, and what percentage are targeting women’s rights.” Luni explained that a third layer of metrics is added using The Pinchot Impact Index, which consolidates ‘impact’ in a single numeric expression.
Manita Ray from YGAP explained that they are currently revising the way the organisation measures impact. YGAP have been using IRIS metrics to assess impact across four pillars of improving health, access to health, education and employment — but Manita explained “the impact of employment is not the same as one who is providing sanitary products to your girls attending school — we currently report the whole number of lives improved.”
Akina Foundation’s Guy Redding and Clemmie Baker explained that their approach incorporated both qualitative and quantitative assessment models. They explained that for their ‘Launch Pad’ accelerator, the focus was on “providing employment training opportunities” and measurement of impact included examining the number of jobs created, and “the number of people those companies were proving employment training to — for people most at risk.” The impact assessment also included the value of contracts, funding, investment generated, and satisfaction of the project.
Fajar Anugerah, from Kinara Accelerator offered insights into working with GALI to measure impact. Kinara have incorporated the GALI questionnaire into their selection process so they are able to “monitor companies in our program as well as those who were not accepted.” For Kinara, Fajar described the key measures of impact as:
- Whether the company secures investment 1 year after
- Whether the team has grown in size
- Number of beneficiaries
- Growth of revenue
The GALI approach was similarly employed by Uncharted. Banks Benitez outlined how Uncharted measure their impact by assessing “funding growth, revenue growth, we also compare those to control groups — we look at those who were not selected through GALI as well.” Banks added that efficacy was another key measure, as “$1 that funds Uncharted leads to $21 that one of our companies will receive in follow on funding.”